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20121201
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counterparts from china, as well japan and south korea. he said he hopes the chinese can use their influence with their allies in pyongyang. u.s. diplomats have made similar warnings over the years and the north koreans have ignored them. >> reporter: the ballistic missile launch will be the second since kim jong-un took pow area year ago. it will use the same launch pad at a site in the northwestern part of the country. before the first test in april, officials in pyongyang said the 30-meter, three-stage rocket was meant to carry a satellite. but japan, the united states and south korea said the launch was in fact a ballistic missile test. the test ended in failure with the rocket exploding in midair two minutes after liftoff. it broke into more than ten pieces and fell into the ocean. analysts say north korea's young leader kim jong-un wants to correct this failure before his first anniversary of his father's death on december 17th. kim may also be trying to consolidate his power base by showing his dedication to a may 31st policy. kim has also vowed to develop north korea's economy. >> tr
on greenhouse grasses in growing countries such as china and india. they're currently not committed to targets. representatives from china, the world's largest emitter of greenhouse gases, said the country has done its share. they note that during the first nine months of 2012 china's energy consumption fell by 3.4% from the previous year. >> translator: we made a commitment at our party congress. we prioritized building and eco friendly society. we'll make a strong effort to promote a recycle-based society. china will act on climate change with other nations. >> some delegates also want reassurance on financial support. wealthy countries have pledged to provide $100 billion per year in aid by 2020. the money is intended to help the developing countries reduce carbon emissions and adapt to the effect of climate change. time is running out for the delegates to reach a deal. many divisions remain between the participants from the industrialized and developing nations. now it may be up to the ministers attending talks to steer the conference towards a successful conclusion. >>> chinese police hav
in the south china sea. the defense ministry says the asdf spotted a wide 12 propellor aircraft on its radar. the plane was approaching from the north. it released f-15 fighter jets from the chinese prefecture. it flew within 120 kilometers of the islands but left without raiding japanese air space. the afdf dispatched fighters in response. a wide 12 aircraft also approached the islands last saturday but left without violating japan's air space. >>> a chinese think tank says it can't rule out the possibility of clashes breaking out between japan and china over territorial disputes. the government-affiliated chinese academy of social sciences released its assessment of the international situation in a report on monday. referring to the budget in japan, they reported china-japan is in the worst state. it adds that tensions could be eased through diplomatic channels. china has repeatedly sent ships into japanese waters around the senkaku, apparently to jeopardize japan and to recognize that opposition exists. china says japan's stubborn position could push it further. china-japan relations, as
of k.f.c. and pizza hut says sales are slowing in china. >> tom: that and more tonight on "n.b.r." >> susie: the fiscal cliff talks are going nowhere. that's the word from john boehner today. the house speaker characterized the negotiations to avoid huge tax increases and spending cuts at a stalemate. the race to solve the fiscal cliff triggered another round of dramatic sound bites from republicans and president obama. darren gersh has the latest. >> reporter: the president is still pushing to wrap up a deal on the fiscal cliff before christmas and just in case anyone missed that point, he visited a toy factory to urge congress to avoid raising taxes on the middle class. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. a typical middle-class family of four would see their income taxes go up by about $2,200. >> reporter: t psidents oposg to raise taxesy $1.6 trillion, while cutting spending by $400 billion. on top of that, mr. obama asked for $50 billion more for infrastructure spending and $140 billion to extend unemployment insuranc
of science and technology. >>> china's new communist party leader has gone on his first tour since assuming the post last month. he's promising to carry on with the reforms of his predecessors. state-run china central television reported on xi's five-day trip. he laid flowers last saturday at the statue of the late leader. he said he'll push forward with reforms and with opening up china. xi appears to be following in dong's footsteps. the former leader visited the province 20 years ago and preached about accelerated reforms and more openness. >>> bankers are going through some troubled times these days. dirty money, bank rates manipulated, insider trading. ai joins us now from the business desk. ai. >> catherine, thanks. it seems bankers were a little too lax with their banrs. hsbc has agreed to pay a fine in the united states in connection with charges of money laundering. media reports say the fine will be the largest ever paid by a bank to u.s. authorities. hsbc admitted on tuesday its anti-money laundering measures had been inadequate. the bank agreed to pay the penalties to u.s. autho
their claims to territory. chinese commanders are doing more to make their presence known in the south china sea. they're beefing up their equipment as others beef up their forces. they've deployed a patrol vessel off the southern province for the first time. the maritime safety administration launched this ship, running more than 90 meters long. it has a heli pad. china is locked in territorial disputes with several countries. diplomats are expected to react strongly to deployment of a larger ship. >>> commanders in the philippines are trying to bolster their control over some islands in the south china sea. they've begun staging elite marps on the islands. senior military officials say they started deploying marines in october. they had already stationed naval officers there. the commanders say they've almost doubled the number of personnel on some of the islands. the marines underwent training to protect the territory and carrying upgraded weapons. the military is expanding a facility on the island of lawok. to manage threats from china and from north korea. the new defense minister has r
. >>> as the governments of japan and china over the islands, some japanese were caught in the middle. we have one man's story. >> reporter: people in the city mark the 40th anniversary of normalizing diplotic ties between japan and china. he remained in the city where he lived for 50 years. a china couple adopted and raised the japanese youngster. as an adult he worked for a railway company and eventually he became station master. >> translator: i couldn't have survived after the war if my foster parents hadn't taken me in and given me such good care. they were so kind. >> reporter: but watanabe never forgot japan. looking at the picture of mount fuji always pulled at his heart strings. before he moved to china he could see it from his house. so pictures of mountains also surge memories of home. finally, he was able to set foot on the land of his birth in 1988, watanabe visited japan with others displaced by the war. he hoped to reunite with his family. but with so little information about his parents, watanabe couldn't find them. even so he chose to return to japan for good. he and his chinese wife
. we are facing many challenges in our relations with china, south can korea and even the united states on which japan's security is based. strengthening u.s./japan alliance is the first step towards rebuilding japan's diplomacy and security. >> abe promised his government would take the lead in rebuilding northeastern japan. he will achieve results as soon as possible to regain the trust of the japanese people. he said his cabinet is designed to overcome crisis. he was elected as prime minister, a post he held before between 2006 and 2007. he's the first politician in 64 years to return to the position after resigning. abe filled the cabinet with familiar faces and new ones. he appointed suga as chief cabinet secretary. that makes him the head government spokesperson. aso is his deputy. he will serve as finance minister and financial services minister. the new foreign minister is fumio kishida. he served in the previous cabinet. onodera is defense minister. he's well versed in dip ro mat tick and security issues. he chaired a lower house committee in okinawa and the northern territorie
to 2030. they say the u.s. won't be the world's only superpower. the council says china will pass the u.s. economically a few years before 2030. the council's analysts say the u.s. will remain unrivaled in its ability to orchestrate all aspects of power including the military it the analysts say the japanese economy will gradually shrink as the population ages and the labor force contracts. they say japan will retain fourth place in terms of overall power, trailing only the u.s., china and india. the council experts say asian countries such as india and indonesia are likely to boost their military power. but they warn of an arms race in asia. if the u.s. scales back its military commitment in the region. they say some tionmay begin developing nuclear weapons. new car sales are fueling china's economy. sales grew 8.2% in november from the same time last year. officials say nearly 1.8 million units were sold last month. japanese firms lost out after chinese consumers boytted their vehicles over a territorial dispute. they saw a slight improvement last month. total new car sales this china
, are in dispute with china over items in the south china sea. >>> putin has voiced his hope with government under shinzo abe. he wants to settle a long-time dispute and conclude a peace treaty. putin spoke to more than 1,200 domestic and foreign reporters in moscow on thursday for the first time since he took office in may. >> i've seen that leaders want to enter into peace talks with russia. these signals are important and i appreciate them. i hope we'll have constructive dialogue. >> the two countries have been unable to sign a peace accord due to the territorial row through a group of islands. japan claims the northern territorys but russia controls them. >>> many are fearful of showing support for malala. >>he 15-ar-old sdent was shot by the pakistani taliban in october after championing girls' rights to education. she was critically wounded but is currently recovering in the england. she hails from north western pakistan. a women's junior college in the region named itself after the teenager shortly after the shooting. the name change was a move to emphasize the importance of women's educati
. the leaders of russia and china continue to support the assad government. delegates from those countries did not attend the meeting. >>> 20 years after the u.s. closed its last military base in the philippines, u.s. troops are out toeturn inorce. top officials from the two countries have agreed to expand the u.s. military presence in the south china sea. the goal is to serve as a counterbalance to any potential chinese ambitions in the region. u.s. assistant secretaries of state kirk campbell took part in talks with philippine officials on maritime security and cooperation. the united states is planning to send marine units, vessels, and warplanes to the philippines and expand the scope of the joint military exercises with the country. details on t exercis andhe location of the deployment have still got to be worked out. >> we want a different kind of relationship based on mutual respect and equal partnership and that is what we have sought to do over the course of our meetings today. >> one candidate site is palawan island is a candidate. analysts say u.s. forces will, in effect, will be st
economies due to the european downturn and cooling ties with china. another negative factor is the drop in domestic car sales because state subsidies for buyers of fuel efficient cars expired in september. for the nonmanufacturing sector the sentiment index was down by four points from the previous surv survey. looking aahead the to the next three months, major manufacturers expect a slight improvement as they hope the u.s. and chinese economies recovery. they're concerned that cooling consumer sentiment will persist. japanese shoppers are spends less, and that's got retailers depress depressed. as tremendous to try get people to spend more some may fuel a price war. >> reporter: major supermarket chains have slashed t prices over the past three months on more than 350,000 products. >> translator: customers are become increasingly price conscious. we hope discounts on daily necessities will encourage them to visit more often and boost our sales. >> reporter: furniture manufacturers are opening a 10% to 40% discount on nearly 900 items. >> translator: consumer spending in the overall eco
. >>> populous, prosperous, pushing ahead. china's rise brought it wealth, power, and problems. an income gap divides its people. pollution threatens their health. and disputes at sea strains relations with its neighbors. find out the challenges china faces, on "newsline." >>> traffic in china is said to be more of a free-for-all than an orderly procession. motorists often ignore other motorists and pedestrians too, and the pedestrians also play fast and loose with the rules. one result, lots of accidents. so authorities are taking action. nhk world's takafumi terui has the report. >> reporter: red lights don't stop these pedestrians. and crossings, who needs them? as for drivers, when they change lanes, they barely give a thought to other motorists. not a day goes by in chinese cities without a traffic accident. >> translator: when i am in a hurry, i cross streets even against red lights if there are no cars. >> translator: in china we have only one way to cross. if we all go at once, the green light is as good as on. >> translator: pedestrians have bad manners, but cyclists are the worst. t
and this is not just me forecasting this, opec is worried about it, he stated it, so has the iea if china continues to slow down and they likely will because europe their biggest customer goes into a full-blown recession if not worse, that is going to spell trouble for the global economy, people won't be needing energy and just like we saw in 2008 with the financial crisis, oil gets hit, the prices get hit in that environment, like you said, though, it i a coter cyclical so it is stimulative to the economy, more money in consumers products hopefully to buy and sustain the economy. >> complicated equation there, john, thanks a lot for coming and explaining all of this, have a great weekend. >> >> still hot on this friday night, u.s. manufacturing staying afloat, the luxury boat business made right here in the usa. >> it is called pay as you earn, it is a new obama administration program to pay off student loans, the starting date to sign up is next friday. but it looks like the plan favors graduate students who get bigger paychecks than low earning workers. >> in the state of >> reporter: in his sta
demand there, and exports to china fell 14.5%. chinese consumers are shying away from japanese goods due to ongoing territorial dispute. >>> japanese university students are busy trying to land a job in an economy that's not proving that welcoming. the japanese firms hire them en masse before they graduate. and third-year students started their job hunting in earnest this month. before most looked for jobs at big firms, but that may be changing. nhk world's shio tanaga tells us more. >> reporter: more than 100 students crowded into this recruitment seminar in tokyo. the company publishes free magazines an has only about 400 employees. until recently small firms such as this one often struggled to attract any students to seminars at this university. nami kitajima has been looking for sales work. she says she doesn't care about the size or fame of the company. >> translator: i'm not looking at how big the firm is. the issue is whether i can gro personally through the company. >> reporter: traditionally, most students have tried to land jobs at leading firms. the belief was that those compa
by the increasing tension between japan and china over which country owns the senkaku islands. it could unsettle dynamic in a region. they want to see measure security policies and sophisticated diplomacy to calm the situation. >> our pleszage to the new japanese government will be the same to the former japanese government, which is we want to see both japan and china avoid provocative acts. we want to see them talk toach other and work this through by dialogue. >> reporter: now japan has a dispute with south korea. they would like to see the japanese put aside their differences. american diplomats rely on the partners of both countries to contain it. the north koreans may be well on their way to gaining technology to launching missiles. >> thank you very much. >>> european leaders are hoping for more stability. what's the european take on the new government? >> as you know europeans have seen no shortage of instability these days. they are paying close attention to economic policies of the new government. they are expected to begin next spring. eu president said they hope ep negotiations with
at the first north american exhibit of work by china's ai wei wei. brown: antique wooden stools from the chink dynasty. a video documenting changes along a major street in beijing an ancient vase with a modern-day logo. now on display at the smithsonian's museum in washington d.c. in an exhibition called "according to what," these are the works by the chinese artist away way. a prankster who can make a tea house literally out of tea leaves and represents the surveil-camera that watches him at his home in china is a marble sculpture. he's a visionary who helped design the bird's nest stadium for the application and whose use of social media is shifting the boundaries of art and activi and a dissident. he took a picture and tweeted it even as he was being arrested in 2009. and then spent 81 days in prison, was beaten and made the x-ray image of the damage he suffered into an art work. >> for me living in today's world, if you live in china, it's very hard to do a work whh is not... which does not reflect or suggest the other possibility and meanings. all the works i do which connect or reflect e
is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowe in month n ll street,he dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going to do. the $85 billion should continue building up for our taxpayers balance sheet. >> susie: how does all of this play out in the markets. all of the bond buying, companies are stil
the senkaku islands. japan controls the islands. china and taiwan cla them. >> translator: we haven't requested additional patrol vessels for our fleet but it's becoming necessary to add more ships and we'll need more personnel to staff them. >> disputes and missile testing in north korea make more patrols a necessity. >>> the defense ministr had to rewrite its original report after hundreds of problem were found. it's the impact of moving the station in the north part of the prefecture. japan and the united states agreed on the relocation in 2006. okinawa found more than 500 problems in the first report. the new report assesses noise disturbances over a wider area and takes into account the possibility that u.s. military aircraft could fly off course. the offials say ty will also address the problem of low frequency noise. experts say the defense ministry is expected to apply to the okinawa government to start reclaiming land for the relocation under the new cabinet. >>> times have changed for japanese electronic firms and many have lost the innation that made them successful. one
concerns that china, russia, and others will seek new limits on internet access. the head of the u.n. regulatory agency insisted such claims are "completely untrue." concerns about flooding eased in northern cifornia today, despite heavy downpours over the weekend. the region has had three powerful storms in the last week. as much as an inch of rain an hour fell in some communities yesterday. rivers swelled, but the storm moved faster than expected so flooding wasn't as bad as it could have been. still, strong winds downed trees, leaving some 57,000 people without power. some 20,000 public school students in five states will spend more time in the classroom next year. they're part of a pilot program announced today in colorado, new york, massachusetts, connecticut, and tennessee. a total of 40 schools will add ateast 300 hours to the standard school calendar. the goal is to see whether more time will make american students more competitive on a global level. britain welcomed news today that prince william and his wife catherine are expecting their first child. the announcement said
have the ecb. you have the government in china. so if don't fight the fed works then you don't want to take on all of these central banks. and market action has been showing this. when the year closes here, we're going to see new all-time yearly closing highs on the small-cap index, on the midcap index and on the dow transportation index. those are yearly closing highs. the nasdaq -- >> ok. >> excuse me? >> go ahead. i want to jump in and ask you, so you're talking mostly here about equities, for investors who have money in bonds, should they be now transferring money into equities or do you still see that it makes sense to keep some of your money in treasures and other bonds? >> it depends on the investor. if the yield is important to them as income and they won't need to sell their bonds before maturity, then i say hang on to them. i'm not one of those people who thinks that bonds are going to take a big drop. i would be skeptical of trying to play it tactically which means by some bond and then you look to sell them quickly, i wouldn't be doing that. but an investors who -- >> ok
around the fiscal cliff. >> susie: you do a lot of business in china, and you're very bullish on china. can your business in china offset any during you might have in your business from what goes on in the u. economy? >> probably not. i'm bullish in the auto business and the building trades, but that is not going to be enough to offset the fiscal cliff, and we're going to have to manage europe at the same time. >> susie: let's say there is no deal and the u.s. economy really slows down, or as some people say could go into a recession, how are you preparing for that possibility? >> we're trying to make those investments that are strategic, and holding back on our hiring because we don't know the growth rates. we're probably looking at the different ways to duce our poits from a logical standpoint, and we're trying to pull every lever to give us some latitude and leverage. >> susie: what deal would you like to see come out of washington? what would be best for your company? >> probably making certain that the tax increases don't go all the way down to the middle class. i think we've just
at the new leadership in china and think they will change the way china is -- >> well, there a new generation,i've met some of them. but the question -- i think they face enormous questions about their own internal political system i hope that there's a real international opportunity to nationalize their currency. instead of that being a threat it's an opportunity for london as a financial center to be the place where ewan trading takes place and, in fa the la cole o months r the first time in our history a chinese bank issues and rnb bond outside china and hong kong so that's because of a lot of hard work in the city of london and with the british government to make britain a place where this new activity takes place. it's a good example of us actually not do so powered by rolls royce engines and airbus planes. the that's a bit anglocentric but there are going to be oductsnd service which is people and theseountriesill want for the first time in their families histories and there's a real opportunity for western businesses. >> rose: the larger middle-class, the emerging nations for anybody w
is civilians protecting civilians. >> ifill: itn's john sparks reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. >> we'll hock the person to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk. >> ifill: that's all ahead on tonight's newshour.n >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: much of the world paused today to observe christmas. the day brought all the traditional rites of faith for christians and a new urgency to calls f
before. foreign ministry officials met separately with envoys from japan, the united states, china and russia. it's believed they discussed ways to cancel the launch. the ships have technology to track missiles. they're also considering raising the country's alert status by one notch. >>> euro zone finance ministers approved a loan just last week. now the greeks have announced one way they will use the funds. what's the latest? >> one of the requirements for greek receiving the bailout fund is they cut down their debt. they will buy back government bonds a t a discount. greek officials said on monday they will purchase the bonds from private financial institutions. they will pay 30 to 40% of the original price before the bonds mature. the announcement came a week after euro zone finance ministers agreed to offer 43.7 billion euros. that's about $57 billion. greek officials said the critor institutions will receive bonds issued by the euro zone's bail out fund instead of cash. the buy back program is a condition leaders must fulfill to receive the next cash infusion. the success dep
nouri al-maliki said the demonstrations were not acceptable. the government of china imposed tighter controls on internet usage today. now, china's 50million web users will he to provideheir real names when they register for internet service. and providers must delete any web content deemed illegal, and report it to authorities. leading writers and bloggers insisted it's a new way for china's communist leaders to censor their critics. >> ( translated ): since the internet came into china, the chinese government has been repeatedly imposing restrictive measures, such as shielding, blocking and banning. it has even spent billions of dollars to build a firewall against overseas sites. they just don't want to see any freedom of speech which is provided by the constitution becauset willurt thei vested interest. >> holman: the new curbs come in the wake of a series of online discussions that have helped expose corruption scandals. russian president vladimir putin signed a bill into law today banning americans from adopting russian children. the move terminated more than 50 adoptions that a
phone, nokia announced a deal with china-mobile to sell its top lumia smartphone in china. shares of nokia jumped 12.8%. volume was very heavy as shares sit at a seven-month high. meantime, banking stocks were in focus thanks to the job cuts announced at citigroup. bank of america joined in the rally with shares closing with a double-digit handle. with b. of a. finishing the session at $10.46, it's the first close over $10 per share since july 2011. also helping the financial sector: insurance companies. two of them released their estimates of how much hurricane sandy will cost them. travelers figures the storm will cost it $650 million. hartford pegged its storm losses as high as $350 million. analysts say the companies can absorb the impact. both stocks were higher. travelers rallied 4.9%, closing less than one dollar away from a new 52-week high. hartford added 2.9%. drug giant pfizer had encouraging news on an experimental breast cancer drug. with up to $6 billion in potential global sales, the stock rallied. shares jumped 1.9% on heavier than usual volume. while the breast cancer drug
market ranked as the best performer. if we look at the charge of coming in in second place, china and brazil. why the vote of confidence considering all these concerns about the fiscal cliff? >> you're right, susie. it's interesting. it's a happy holiday season for investors. in the u.s. the stock market is going to have returned close to 13, 14%. and charter financial analysts around the world that we surveyed as you say feel petty good abou the prospects for next year. markets often do climb a wall of worry but in perspective we've had resolution of political uncertainty here in the united states. the new political leadership in china appears to be market friendly. we have avoided having southern europe slip into the mediterranean. and so also given other asset classes equities appear to be relatively attractive. >> let's talk about that, actually. because did you ask the people that you survey what are the best asset csse and stks got-- was at the top of the list. let's look at the list here, followed by precious metals, commodities, bonds and cash at the bottom of the list. te
over the south china sea. it's expected to break up by the weekend. washington state is now the first state in the nation where recreational use of marijuana, by adults, is legal. the new law was approved by voters last month, and took effect at midnight. in seattle, about 100 people marked the occasion by smoking joints beneath the city's iconic space needle. technically, doing that in public remains against the law. marijuana is still illegal under federal law. but the justice department has not said if it will try to block the washington state law or a similar statute in colorado. same-sex marriage also became legal in washington state today, and in maryland. gay and lesbian couples in both states began picking up marriage licenses. those in washington state have to wait three days to be married. same-sex ddings in maryland will begin on january first. maine will legalize the practice on december 29. the three states are the first to approve same-sex marriage by popular vote. in economic news, new jobless claims fell sharply last week, after a temporary spike in the wake of hurrica
unions d, as mark said, create a middle class. the problem is international competition. once in china and japan and all these countries start making stuff cheaper, it is problem for unions, and that is just a reality. >> it is also reality that some of that manufacturing is coming back, and not because of low wages. because of transportation costs, innovation, all kinds of things. what bothers me about this vote is that it was ught and paid for by a few wealthy people. the leader of the senate, the governor, both on record not want to do this initially . they did it turn around. and lost five seats and the legislature. >> you can look for all the conspiracy's you want. the fact is that michigan was adjusting to exactly the reality that evan isalking about, globalization. i think was glory days for the unions 94 is, 1950's, 1960's, when the rest of the world was devastated by the second world war, we had a monopoly and, yes, great benefits to it the problem is that when you have global competition, you are uncompetitive. detroit went bankrupt but the southern transplants did not. here
. it is not just here. but, in the western europe, and in the far east. and, in china. >> reporter: strong demand for gold exchange traded funds has also helped support prices. the spider gold trust-- ticker gld-- has $75 billion in assets. and it's is backed by physical gold. it also helps that some hedge funds with bylaws prohibiting them from buying futures, can buy gold e.t.f.'s. >> so there are some people that were restricted before. they're not now, and that's supportive of the gold. >> reporter: a gold rally is not a sure thing. if there's a recession, some fear commodities like gold will drop in value. on the other hand, if the economy picks up sharply, riskier assets could become more attractive. erika miller, "n.b.r.," new york. >> susie: more signs today that housing demand is picking up: the number of contracts signed to buy homes rose in november, to its best level in more tan two years. the national association of realtors index of pending sales rose almost 10% last month. so will the housing market continue to recover in the new year? that's what tom hudson asked toll brothers chi
an originator of new kinds of policies. if you take, for example, china policy i think that he may be reluctant to react to a china which is very different from the way it was in the past. >> brown: let me bring david ignatius back. i guess it depends on what you think is needed right now, right? >> i think the world's a mess as kerry believes. he's right. and needs a strong american voice. needs the sort of steady hand that some of these experiences can bring. i point i would make about kerry is that although he often comes across as a stiff, as an establishment figure very form layic, in terms of shall ideas an willness-- willingness to engage adversaries, reach out and try to find a channel to iran, for example, reach out to the palestinians, try to think of new ways to deal with the arab world, kerry is on the more innovative side. so i think he is not going to be a wild rdic-- the country will miss having someone like susan rice who is a younger, different voice. but i think that kerry-- it's wrong to think of kerry of just being a throwback to 30 years ago. >> brown: is it clear still tha
are most proud of is the fact that we still import more product from europe than we do from china. so you are talking about artisan product, product that has a story to it. that's special. you don't see that in retailing in america. >> reporter: stores like sur la table are expected to be one of the few bright spots in an otherwise lackluster holiday season for merchants. in fact, some experts think home goods will be hotter than toys this holiday season. ibm projects home goods will see the strongest sales growth this year, up over 6%. that's far more than toys and electronics. >> you may ask yourself, why home? we think home is up because of a lot of things-- things like the changing demographic of the home itself. there's a stat that says that 41% of those between 25 and 29 are living back at home. >> reporter: but there also a second reason. >> we think that this holiday people are buying what they need vs. what they want. >> reporter: which had me wondering what's on jack schwefel's wish list this holiday season. it wasn't this $5,500 coffee maker. >> there are some new knives that i
. >> absolutely not. in china the same day as newtown shooting there was man with a knife that entered a school. nobody was killed. this seems to imply the opsite. that gun outf school is actual answer. >> i think guns in the hands of the right people or right person could be part of the answer to what we saw here. i don't think there's one size answer fits all or just one answer that will address this. something we have to consider. >> it does -- the newtown massacre really change things are we going to see action in congress, on gun control? >> i think it did change things. whether we will be able to attract enough republicans, republicans even ready to take your economy down so i wouldn't be surprised if they did the same here as they have done to colorado imbibe and wisconsin and dozens of similar massacres. but i do think the country has changed. and i think it's time for people to tell these members who have been imprisoned by the nra to let your member go. >> i wish there was a simple aner. if i really believe that if you ban a certain type of weapon, i don't like to call them assault we
for bigger markets. a western regional player in the u.s., kelly moore now ships paint to china, japan, cambodia, vietnam. the driver? >> quality product for one and the second factor is that it's made if the u.s. that's what they seek. that's what they want. it's that quality. >> mike: what kelly moore seeks is the next great break through in paint. odorless, longer lasting, environmentally friendly. strides have been made in almost every area-- except one. >> it can't apply itself. that's something people always want it to do. >> mike: (laughs) >> it's-- a lot of it lately is about ease of application and saving time and time is money. >> mike: the color of money. always a good choice. >> mike: farming is a very difficult business and while technology and large corporate farms have made american agriculture some of the most productive in the world, small family farms are having a very difficult time surviving. unless they become very creative. how much passion, persistence, and profitability can you squeeze into a 15-pound block of cheese? at the petaluma creamery in petaluma, califo
are still however, susie, as clearly, you and i know, still the locomotive engine of the world despite china and other emerging rising markets and that has been clear the past two years, where europe is in recession, japan continues to languish and yet the u.s. economy has shown resiliency but it is not immune from fiscal shock and that's something i clearly continue to monitor. >> all right, joe, thank you very much for coming on the practical. have we have good news for the in you year. thank you very much. >> you as well. tha yo >> joe davis, chief economist at ativan guard group >> susie: still ahead, the top tech trends for 2013, or how your cell phone will become an even bigger part of your life in the new year. >> susie: a lot of mixed messages for investors today. joining us now to sort through it all, ann miletti, senior portfolio manager at wells fargo advantage funds. >> so, anne, what do you think you heard, the economist talking about a mild recession. are we in for a correction in the ock market if that happens? >> i think right now the market is trying to predict how long this
, the politics or susan rice. >> benghazi say mystery to me. i mean i think benghazi is who lost china. it's almost like the republicans are looking for that silver bullet and that eludes me. she's partisan, susan rice is partisan. as a u.n. diplomat, unlike statesman like john bollton, you know, such a totally bipartisan-- totally bipartisan nonpartisan figure. but i found that susan colins is a moderate philosophy, moderate in manner. i found her criticism interesting. she found fault with susan rice for having been the spokesman for the democratic administration's position on foreign policy. and you know, colin powell, god bless him and says this will be the shame of his life, he was the one without made the case for going to war in iraq, you know, as the spokesman. i think this. what struck me was the administration has really handled this badly. i mean you don't send her up to the hill to meet with people unless you're going have some friendly meetings too. are you going to have some positive people come out and say claire mccaskill, they say how wonderful she is and at the same time
at that route, you're leaving africa, going through central area, up around china, across the bering strait, i'm assuming you're taking a boat and through the americas. one of those, as i'm noticing, the strait line goes right through iran. how do you get through that? >> i think that -- iran straddles an ancient migration path into central asia and ideally it would be wonderful to set off on foot across iran. i'm going toee what relations are like the late 2015, hopefully they're well enough, good enough, to allow me to go through iran. >> sreenivasan: if there's a necessary detour, how long does that take to get around? >> it's a big place to walk around. part of the beauty, i think, of this long project is that there are going to be obstacles that i don't know answers to about how to get around them until i get there. and we'll see. sarin dip city a big part of this project. >> sreenivasan: what are the types of steps you've been taking? you've been planning this for a last couple years. visas? immunizations. what else? >> there's a lot of logistical planning that's gone into getti mainly
disputes with china. abe served as prime minister once before, but he quit in 2007, citing ill health. opponents of egyptian president mohammed morsi are sounding the call for nationwide protests again tomorrow against a constitution drafted by islamists. the opposition was bolstered after saturday's first round of voting on the document. only about a third of eligible voters turned out, as 57% approved the draft-- a much lower level of support than predicted. the second round of voting is saturday. those are some of the day's major stories. now, backo juy. >> woodruff: and we pick up now on some of the major questions being asked about guns, mental health and other issues in the aftermath of the shootings. we get four perspectives. dan gross is the president of the brady campaign to end gun violence. david kopel is an adjunct professor of constitutional law at the university of denver and the research director for the libertarian-leaning independence institute. katharine nordal is with the american psychological association. and dr. irwin redlener is a pediatrician at columbia univsi
their hands on a gun? >> well, not to be crass about this, but the same day in china there was a man that went wild in a school. hetabbed 2 kids, four were injured, none died. you don't need to know anything more than that. you have never heard of a drive-by stabbing. you've never horde of a mass killing with knives or fists. it doesn't happen. we need to take the lethality out of this. we need to change the gun culture in this country so that those who go through the right background checks, those that get a licence, those that get safety training can get a gun. but understand the responsibility attendant to that. and then crack down on these illegal markets. >> rose: do you believe we're at a moment that this has been one ofthose times in which history of guns will be changed? >> yes, we are at the same moment now that we were at in '94. in '94 we had a national crisis of violence in this country, kroims with going through the roof. people cried out for something. it's the exact same feeling now. we have kindergartens and first graders being killed. what more do we need to know than that. bu
and wait it out. entry fee: a thousand dollars. in china, hundreds of people from the almighty god cult have been arrested for distributing leaflets. their crime? not warning of the end of t world but proming war on the big red dragon-- the communist party. in the south of france it's believed by new ages to be the only safe place in the world. something to do with the shape of the mountain which overlooks the village. but today t.v. crews and police outnumbered prophets of doom. >> sreenivasan: in this country, nasa has produced a video to reassure those who need it. it's titled "why the world didn't end yesterday." the president of russia vladimir putin put new distance today between his govementnd the egime in syria. in his annual news conference, putin insisted his country is not protecting syrian president bashar assad. he urged assad to hold talks with the opposition, and negotiate an end to the bloodshed. >> ( translated ): we are not concerned about the fate of assad's regime. we understand what is going on there and that his family has been in power for 40 years. the changes ar
? >> historically russia has been one of the most popular sending countries to america. right now china is the leading country. russia is certainly in the top 5 with over 700,000 orphans in that country. there's certainly plenty of children who need a loving family here in the united states. >> suarez: how about that side of the story. unicef estimate there is's only about 18,000 russian families looking to adopt children. that's a disproportionate number considering the need for new homes. >> it is. last year alone here in america there were a thousand children adopted from russia. there are many american families, many of whom right now are in the process of adopting these children that are willing, ready, and able to adopt these kids, some of which have severe special needs. so it speaks to the heart of esamerican families that are willing to adopt these kids and bring them home. the. >> suarez: but there have been unfortunate stories that have gotten a lot of attention here in the united states and back in russia >> does that make things more difficult for your organization and othe
, and it can help... this growth can propel the united states to dominance against china and india in the 21st century if it's harnessed and if... their success is fostered. >> hinojosa: so where's the problem? when you stand back and you look at what's happened in our country and you see that, you know, at this point, you know, entering the second decade of the new millennium, you know, that latino youth, because they're going to be so huge in our country, should be... i mean, all youth, but when you're talking about demographics and you're looking at those numbers, that they should be most supported in terms of getting through school. but you know that it's not quite there. the... i'm not sure if it's the will, the political will, the dollars. so there's also... i mean, you're seeing it as a very positive, and i'm so happy that you're an optimist. >> ( laughing ) well... and i do see the growth in the latino community as very positive for the united states, although in some ways, it still is an open question and it seems as though you do have, in some instances, this multi-generational reach
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